Get that Competitive Edge when Bidding Contractor Jobs

Build Your Business by Landing Government Contracts

As a contractor, you need to “make hay while the sun shines!” In this market, that means being more competitive when bidding public construction projects. Every year, Davis Bacon and Service Contract Act projects are put out to public bid, but for you to win and turn a profit, you need to know the ins and outs of the rules and regulations that apply to these “one of a kind” projects. Sound complicated?

It doesn’t have to be!

Fringe Consulting specializes in helping businesses like yours land profitable contracts while safely navigating the obstacles along the way. How? Our experience in creating Davis-Bacon Act compliant benefits packages ensures that you meet government regulations, provide your workers with competitive benefits packages and ensure that you are not overpaying!

Many contractors pay their workers additional cash wages and still pay a portion of their health insurance premiums. A better approach is to pay insurance premiums using fringe funds. This provides your workers with the same benefits but lets you keep more of your hard earned money! It is a no-brainer because it eliminates your payroll burden on funds you pay out for healthcare.

You could try to get this right yourself, but why? Fringe Consulting can lower your payroll taxes, workers comp and general liability insurance and improve your compliance to all prevailing wage laws those government contracts require. That means you stay compliant and still have a chance turn a profit when the job is done!

Fringe Consulting provides you with quality pension plans, fringe benefit options, prevailing wage consulting and employee benefits for either short-term or long-term contracts. When you offer fringe benefits in lieu of cash wages, you save money for both employer and workers by reducing tax exposure to all. We offer a complete range of fringe benefits, pension plans and trust programs.

What are you waiting for? Call Fringe Consulting today and lets discuss a better fringe benefits strategy to help you win more bids!

Definitioner

Fringe Benefits

Fringe benefits provided by the employer to the employee which meet the definitions and requirements under SCA and DBA for compliance, as defined in 29 CFR Part 4, Section 4.171. Contributions irrevocably made to a trustee or third party pursuant to a bona fide fringe benefit fund plan or program. The rate of costs incurred in providing bona fide fringe benefits pursuant to an enforceable commitment to carry out a financially responsible plan or program, which was communicated to the employees in writing. Examples: Life insurance, Health insurance,Pension,Vacation,Holidays, Sick leave, Other "bona fide" fringe benefits

Job

A detailed description of the work performed by each worker classification listed on an SCA WD, as defined in DoL's Service Contract Act Directory of Occupations. (See www.wdol.gov Library Page for a link to this document.)

Contractor

The party performing the contract for the contracting agency.

Contract

A mutually-binding agreement or document between two or more parties. Federal contracting agencies may award contracts to private-sector companies (or other entities) for the purpose of acquiring goods, services, or construction at an agreed-upon price.

Fringe benefits (Bona Fide Fringe Benefits)

Fringe benefits provided by the employer to the employee which meet the definitions and requirements under SCA and DBA for compliance, as defined in 29 CFR Part 4, Section 4.171. Contributions irrevocably made to a trustee or third party pursuant to a bona fide fringe benefit fund plan or program.
The rate of costs incurred in providing bona fide fringe benefits pursuant to an enforceable commitment to carry out a financially responsible plan or program, which was communicated to the employees in writing.
Examples: Life insurance, Health insurance,Pension,Vacation,Holidays,
Sick leave, Other "bona fide" fringe benefits

Service Contract Act

McNamara-O'Hara Service Contracts Act of 1965 (as amended).The McNamara-O’Hara Service Contract Act requires contractors and subcontractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates and fringe benefits found prevailing in the locality, or the rates (including prospective increases) contained in a predecessor contractor's collective bargaining agreement. The Department of Labor issues wage determinations on a contract-by-contract basis in response to specific requests from contracting agencies. These determinations are incorporated into the contract.